Stifel Nicolaus analyst Adam Borg maintained a Buy rating on Okta (OKTA – Research Report) today and set a price target of $95.00. The company’s shares closed yesterday at $82.30.
According to TipRanks, Borg is a 5-star analyst with an average return of 13.7% and a 66.33% success rate. Borg covers the Technology sector, focusing on stocks such as Zscaler, CrowdStrike Holdings, and Autodesk.
In addition to Stifel Nicolaus, Okta also received a Buy from BTIG’s Gray Powell in a report issued on February 21. However, yesterday, Jefferies maintained a Hold rating on Okta (NASDAQ: OKTA).
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Based on Okta’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $584 million and a GAAP net loss of $81 million. In comparison, last year the company earned a revenue of $481 million and had a GAAP net loss of $209 million
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Okta (OKTA) Company Description:
Okta, Inc. provides identity management services to enterprises. Its products include Single Sign-On, Adaptive Multi-Factor Authentication, Mobility Management, Lifecycle Management, Universal Directory, API access management, API products and integration network services.
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- Okta price target raised to $90 from $85 at TD Cowen
- Okta call volume above normal and directionally bullish
- PayPal downgraded, Block initiated: Wall Street’s top analyst calls
- Okta upgraded to Mixed from Negative view at OTR Global
